Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[goldkingcoiner]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

Carry on my wayward son
There'll be peace when you are done
Lay your weary head to rest
Don't you cry no more

[d_eddie]

Barely over 7k again. I definitely feel the tree shaking. We're in for a fun weekend, starting tomorrow.

As in significantly down?

As in "if I only knew, I would be getting rich instead of posting here."

But SOMA, yes, I see some more downside, possibly with alternating ramps up.

[bitserve]

Barely over 7k again. I definitely feel the tree shaking. We're in for a fun weekend, starting tomorrow.

As in significantly down?

As in "if I only knew, I would be getting rich instead of posting here."

But SOMA, yes, I see some more downside, possibly with alternating ramps up.

Is Bitcoin dead again?

Look at those buy walls on BFX though.

[crypmike]

https://twitter.com/PhillipNunnUK/status/1036933961287696385

[crypmike]

Bitcoin Diamond   #REKT

[LFC_Bitcoin]

Bitcoin Diamond   #REKT

That’s some serious fucking manipulation there

[Bitcoinaire]

Is this the Mt Gox administrator again? What a  turd.

[El duderino_]

My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face 

I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things
Its good his long term vision (big picture thing is extremely BULLISH)  but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ”

[Rosewater Foundation]

[fragout]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

I asked this question also several times:

The only answer I could find is that they are swing-traders.

They dump 1000 coins, drive the price down and hope to get others to dump as well, moving the price further down.

Then they buy at this lower price and influence other to do the same.

Why they don't just wait for 20k is another story ... they probably calculated it through that they can make more money this way.

My guess is futures or leveraged traders who bet on the price going down and then dump on the real market after which they buy back slowly. With enough ammo, it's a pretty safe bet. Works on both directions. They really dont give a shit what price Btc is at but need to be careful in case they go too far and kill the golden goose.
Short answer is Bart syndrome
Btw the relatively small volume exchange Bitstamp seems to lead most of these moves strangely. At least from my limited observations over the last 12 months

[samson]

Is this the Mt Gox administrator again? What a  turd.

lol

[d_eddie]

Bitcoin Diamond   #REKT

That’s some serious fucking manipulation there

Yeah. It's the same shape I saw (on BTC-USD) a bit earlier, when I said:

I've seen a sharp, quick drop.

(snip)

Mid-high 6k's are likely IMO (SOMA).

It didn't exactly take a wizard to know what was happening.

[d_eddie]

My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face 

I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things
Its good his long term vision (big picture thing is extremely BULLISH)  but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ”

I'm with your guru on this one. We need a little real capitulation. I'm afraid this is only foreplay.

[AR_fan]

My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face  

I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things
Its good his long term vision (big picture thing is extremely BULLISH)  but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ”

I'm with your guru on this one. We need a little real capitulation. I'm afraid this is only foreplay.

+1 and all the hedge funds who unloaded during the bubble and made a killing trading shitcoins haven't rebought yet, they are the one who pushed the masses to buy the top, and their coins are in the hands of retails investors now, bitcoin need a purge so strong hands get their coins back

a hodler is a real hodler only when he's a hodler among real hodlers and right now real hodlers aren't hodling

[Gyrsur]

A specter is haunting the modern world, the specter of crypto anarchy.

Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business, and negotiate electronic contracts without ever knowing the True Name, or legal identity, of the other. Interactions over networks will be untraceable, via extensive re- routing of encrypted packets and tamper-proof boxes which implement cryptographic protocols with nearly perfect assurance against any tampering. Reputations will be of central importance, far more important in dealings than even the credit ratings of today. These developments will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation.

The technology for this revolution--and it surely will be both a social and economic revolution--has existed in theory for the past decade. The methods are based upon public-key encryption, zero-knowledge interactive proof systems, and various software protocols for interaction, authentication, and verification. The focus has until now been on academic conferences in Europe and the U.S., conferences monitored closely by the National Security Agency. But only recently have computer networks and personal computers attained sufficient speed to make the ideas practically realizable. And the next ten years will bring enough additional speed to make the ideas economically feasible and essentially unstoppable. High-speed networks, ISDN, tamper-proof boxes, smart cards, satellites, Ku-band transmitters, multi-MIPS personal computers, and encryption chips now under development will be some of the enabling technologies.

The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration. Many of these concerns will be valid; crypto anarchy will allow national secrets to be trade freely and will allow illicit and stolen materials to be traded. An anonymous computerized market will even make possible abhorrent markets for assassinations and extortion. Various criminal and foreign elements will be active users of CryptoNet. But this will not halt the spread of crypto anarchy.

Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions. Combined with emerging information markets, crypto anarchy will create a liquid market for any and all material which can be put into words and pictures. And just as a seemingly minor invention like barbed wire made possible the fencing-off of vast ranches and farms, thus altering forever the concepts of land and property rights in the frontier West, so too will the seemingly minor discovery out of an arcane branch of mathematics come to be the wire clippers which dismantle the barbed wire around intellectual property.

Arise, you have nothing to lose but your barbed wire fences!

[El duderino_]

we will take and hodl the BTC's

[El duderino_]

My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face  

I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things
Its good his long term vision (big picture thing is extremely BULLISH)  but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ”

I'm with your guru on this one. We need a little real capitulation. I'm afraid this is only foreplay.

+1 and all the hedge funds who unloaded during the bubble and made a killing trading shitcoins haven't rebought yet, they are the one who pushed the masses to buy the top, and their coins are in the hands of retails investors now, bitcoin need a purge so strong hands get their coins back

a hodler is a real hodler only when he's a hodler among real hodlers and right now real hodlers aren't hodling

yeah thats how he sees it many think they are real hodlers but  didn't feel the real pain yet ..... for me its more like its boring to be waiting again if it drops deep
however i am patient in this kind of things .... luckely 

[kirreev070]

[d_eddie]

however i am patient in this kind of things .... luckely 

Patience is the key virtue for us.

As for the short term, if I were to go wild with SOMA predictions, I'd say I'm expecting a Bart upramp landing halfway down today's cliff. 71xx area.

[El duderino_]

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